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Venture-Capital Funding Drops as Clean-Energy Startups Get Less

Venture-capital funding in the third quarter fell to its lowest level in more than a year as investors made fewer bets on alternative energy.

Firms invested $4.82 billion in the U.S. during the period, down 7.3 percent from a year earlier and the least amount since the second quarter of 2009, the National Venture Capital Association and PricewaterhouseCoopers LLC said today in a report. The number of deals rose 8.9 percent to 780.